Recrutement d’un consultant individuel pour des services de coaching et de conseil en analyse d’investissement de projet, modélisation, gestion de portefeuille et dialogue stratégique, Côte d’Ivoire

REQUEST FOR EXPRESSIONS OF INTEREST

INDIVIDUAL CONSULTANT

Energy Financial Solutions, Policy and Regulation Department Power, Energy, Climate and Green Growth Complex African Development Bank

COACHING AND ADVISORY SERVICES ON PROJECT INVESTMENT ANALYSIS, MODELING, PORTFOLIO MANAGEMENT AND STRATEGIC POLICY DIALOGUE

Dear Madam, Sir,

1. The African Development Bank hereby invites Individual Consultants to indicate their interest in the following Assignment : Individual Consultant for coaching and advisory services on project investment analysis, modeling, portfolio management and strategic policy dialogue ;
2. The services to be provided under the assignment by the Individual Consultant will consist in coaching and advising staff from the Energy Financial Solutions, Policy and Regulation department to :

• Support to the portfolio co-ordination team in the department’s front office (PESR0) to monitor the existing energy portfolio and extract lessons learnt to disseminate relevant insights and better inform the origination and structuring of future Non-Sovereign Operations ;
• Support to Policy and Regulation experts in the Policy, Regulation and Statistics division (PESR1) on the use of project analytical data to support regular policy dialogue and knowledge dissemination to key stakeholders such as governments, private sector, and academia across Africa’s Energy Sector ;
• Support Investment  Officers  in  the  Financial  Solutions  division  (PESR2)  in  project negotiations to financial close, using the financial model as a key analytical tool. This will include running coaching sessions on the standardization of key commercial negotiation terms.

The full Terms of Reference are attached as Appendix 1.

3. The Energy Financial Solutions, Policy and Regulation Department invites Individual Consultants to indicate their interest in providing the above-described services. Interested Consultants shall provide information on their qualifications and experience demonstrating their ability to undertake this Assignment (CV, reference to similar services, experience in similar assignments, etc.). The template is attached at the end of this document as Appendix 2 ;
4. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Rules and Procedure for Acquisition of Consulting Services funded by the Administrative or Capital Expenditure Budget. Please, note that interest expressed by a Consultant does not imply any obligation on the part of the Bank to include him/her in the shortlist ;
5. A shortlist of three to six individual consultants will be established at the end the request of expressions of interest. The consultants on the shortlist will be judged on the following criteria on the basis of their profile.

6. Expressions of interest must be received by email at the address below no later than Friday 20^th November, 17:00 GMT, and specifically mention Project investment analysis and modeling in the subject line of the email.

For the attention of : Molka Majdoub : [email protected]; Ayodeji Adebola: [email protected]

With copy to: Roseline Sanon : [email protected]

Appendix 1

TERMS OF REFERENCE

AFRICAN DEVELOPMENT BANK

Energy Financial Solutions, Policy and Regulation Department

BACKGROUND

The Bank :

Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5’s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.

The Complex :

The Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten Year Strategy High 5s priority of “Light up and Power Africa”. The complex’s objectives are (i) to develop policy and strategy; (ii) provide deep sector technical expertise to the Countries / Regions by gathering a pool of experienced individuals who can be consulted for their expertise on complicated transactions; (iii) develop new financing instruments; (iv) act as spoke person for the Bank with external stakeholders on all aspects of “Light Up and Power Africa” (v) Coordinate the management of the Bank’s Non-Sovereign Operations (NSO) Energy Portfolio. The Complex focuses on the areas of National / Regional Power Systems Development, Energy Policy and Regulation, Renewable Energy; and Climate Change and sustainable Green Growth.

The Department :

The Energy Financial Solutions, Policy and Regulations Department (PESR) is mandated to: (i) Advise Regional Member Countries (RMCs) in the establishment of relevant policies and regulations; (ii) Coordinate the delivery of relevant flagship programs, such as funding catalyst and IPP procurement; (iii) Establish relevant energy policies and clear, predictable and transparent regulation framework to ensure financial sustainability of the sector and mobilization of private investments; (iv) Originate, Structure, and Execute infrastructure projects in the power sectors; (v) Provide direct support to corporate entities and projects through equity investments, as well as through specialized intermediaries such as private equity and venture capital funds. There are two divisions under this department: the Energy Policy, Regulation and Statistics division (PESR1) and the Energy Financial Solutions division (PESR2). A front-office (PESR0) coordinates the work of these two divisions, and is responsible for the coordination of the management of Energy NSO Portfolio between the Non-Sovereign Operations and Private Sector Support Department (PINS).

To fulfil its roles in support of private sector energy transactions and portfolio, PESR is seeking the services of an individual consultant with project finance, energy, and financial modelling experience to assist the team with financial modelling, project investment analysis, and strategic portfolio management.

SCOPE OF THE ASSIGNMENT :

The services to be provided under the Assignment include, but are not limited to :

1. Support to the portfolio co-ordination team in the department’s front office (PESR0) to monitor the existing energy portfolio and extract lessons learnt to disseminate relevant insights and better inform the origination and structuring of future Non-Sovereign Operations. This includes but is not limited to :
   • Providing technical expertise on project finance transactions in the energy portfolio ;
   • Identifying events, terms and conditions that might negatively impact the economic and financial viability of Non-Sovereign energy projects in the portfolio ;
   • Supporting the analytical work on portfolio trends to draw lessons from the portfolio analysis ;
   • Supporting the development of strategies and action plans to improve the quality at entry of NSO in the energy sector.

2. Support to Policy and Regulation experts in the Policy, Regulation and Statistics division (PESR1) on the use of project analytical data to support regular policy dialogue and knowledge dissemination to key stakeholders such as governments, private sector, and academia across Africa’s Energy Sector  ;

3. Support to Investment Officers in the Financial Solutions division (PESR2) in leading project negotiations to financial close, using the financial model as a key analytical tool, while running coaching sessions on the standardization of key commercial negotiation terms. This includes but is not limited to :

• Reviewing financial models prepared by other parties ;
• Assisting in developing complex financial models for contracting agencies (Utilities, Ministry of Energy, Agencies etc.) as input for Investor/sponsor roadshows and investment decisions by the bank ;
• Assisting with analyzing financial and economic models prepared by other parties (including conducting sensitivity analysis) ;
• Review the determination of the appropriate conversion factors for linking the socio-economic and financial cash flows in the models ;
• Review the determination of the nature and magnitude of project’s economic benefit, and the financial and economic impact for all stakeholders ;
• Drawing conclusion from the risk and socio-economic analysis that can be used to affect project design and financial structuring ;
• Providing capacity by developing standardized project financial and economic models covering areas of intervention and providing ‘on the job’ training to Bank task managers.

PROFILE OF THE CONSULTANT :

Minimum Educational Level of Consultants : MBA or Masters in Finance. An engineering qualification will be an added advantage. Additional qualifications in financial modelling and/or accounting is a plus.

A proven track-record of at least 6 years’ experience in financial modelling and investment analysis of private sector projects, specifically in energy sector. Demonstrated experience in socio-economic analysis of projects is an advantage.

REQUIRED SKILLS :

• Superior client relationship skills; capacity to deliver high quality work within deadlines ;
• Previous experience with investment banks, multilateral and bilateral institutions, IPPs, advisory consultants undertaking financial modeling and analysis on projects ;
• Cross cultural sensitivity, exposure to bilingual working environment (French and English) ;
• Working language: Excellent English speaking and writing skills. Working knowledge of the French language is considered as an added advantage ;
• Communications, organization, research and report writing skills ;
• Autonomy, drive and adaptability.

DURATION OF ASSIGNMENT :

The estimated duration of services is 12 working months with the possibility of extension. The commencement date is planned for December 14^th, 2020.

LOCATION OF ASSIGNMENT :

The headquarters of the African Development Bank is in Abidjan. Consultant should be ready to work from any RMC as needed.

Appendix 2

Curriculum Vitae

AFRICAN DEVELOPMENT BANK

Energy Financial Solutions, Policy and Regulation Department

Please attach an updated Curriculum Vitae on the basis of the template below :

MODEL CURRICULUM VITAE – AFDB BAD PDF